Japan: Cabinet moves to implement Pillar 2 Side-by-Side Package
Japan’s Cabinet has adopted a decision of 23 January 2026 to bring the country’s Pillar 2 global minimum tax framework in line with the OECD’s Side-by-Side Package released on 5 January 2026. The Cabinet decision outlines several key
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France confirms automatic renewal of special advance CIT regime for investment income
The French tax authorities have confirmed, on 21 January 2026, the automatic renewal of the special regime for calculating advance corporate income tax payments for companies whose profits consist entirely or partly of investment income. Under
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Australia: ATO issues guidance on Pillar 2 side-by-side package
The Australian Taxation Office (ATO) has updated its guidance on the global and domestic minimum tax on 23 January 2026, adding a new section to reflect the side-by-side package announced earlier in January 2026. The OECD has announced an
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South Africa: SARS updates guidance on turnover tax for micro businesses
The South African Revenue Service (SARS) has released updated guidance on turnover tax for micro businesses, aimed at helping small enterprises navigate the simplified tax regime. The new resources include the Tax Guide for Micro Businesses (Issue
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Mexico announces UMA values for 2026
Mexico has gazetted the values of the Unit of Measurement and Update (UMA) for 2026 on 9 January 2026. The UMA is a key reference used in Mexico to calculate various administrative and fiscal obligations, including fines, fees, and social
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Bolivia: Ministry of Economy and Public Finance proposes 100% VAT credit restoration for fuel purchases
Bolivia’s Ministry of Economy and Public Finance submitted a draft law on 31 December 2025 to repeal the 70% cap on VAT tax credits for fuel purchases, aiming to restore full (100%) credit recognition for gasoline and diesel. The move follows
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Slovenia joins multilateral gloBE information exchange agreement
Slovenia has signed the Multilateral Competent Authority Agreement on the Exchange of GloBE Information (GIR MCAA) on 22 December 2025, the OECD confirmed. The GIR MCAA is designed to facilitate the automatic exchange of GloBE information between
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Singapore: IRAS clarifies tax treatment of branch repatriated foreign dividends
The Inland Revenue Authority of Singapore (IRAS) has issued Advance Ruling Summary No. 1/2026 on 2 January 2026, clarifying how foreign-sourced dividends received by a Singapore branch of an overseas company are treated for tax purposes. The
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Kenya: KRA announces new market rates for fringe benefit tax, non-resident loans for 2026
Kenya’s revenue authority (KRA) released a public notice on 22 January 2026 regarding updates to the market interest rate for fringe benefit tax and the deemed interest rate on specific non-resident loans. The rates remain unchanged from the
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Mexico launches 2026 fiscal regularisation programme
The Tax Administration Service (SAT) of Mexico has announced on 22 January 2026 the implementation of the Fiscal Regularisation Programme 2026, targeting individuals and companies with income of up to MXN 300 million during the 2024 fiscal
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Taiwan clarifies reporting of realised foreign exchange gains, losses
Taiwan’s Datun Office, National Taxation Bureau of the Central Area, Ministry of Finance, stated, on 23 January 2026, that in response to frequent fluctuations in international exchange rates, profit-seeking enterprises must report foreign
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OECD publishes peer review reports on tax information exchange in Antigua and Barbuda, Benin, Cabo Verde, Palau, Seychelles
The OECD has announced the publication of new peer review reports on tax information exchange for Antigua and Barbuda, Benin, Cabo Verde, Palau, and the Seychelles on 21 January 2026. The reports were approved by the Global Forum’s Peer Review
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Mexico: SAT clarifies proof of tax status not required for electronic invoices
Mexico’s Tax Administration Service (SAT) has confirmed, on 20 January 2026, that the Proof of Tax Status (Constancia de Situación Fiscal, CSF) is not mandatory for issuing electronic invoices (CFDI). Any issuer who conditions the issuance of a
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OECD: Mauritius joins CARF MCAA, addendum to CRS MCAA
The OECD announced, on 12 December 2025, that Mauritius signed the Multilateral Competent Authority Agreement on Automatic Exchange of Information under the Crypto-Asset Reporting Framework (CARF MCAA). The CARF MCAA establishes a framework for
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Belgium abolishes advertising tax
Belgium’s Federal Public Service Finance (SPF Finances) announced, on 22 January 2026, that it has abolished the annual display tax (advertising tax), effective from 1 January 2026, following the enactment of the Cost Reduction Act of 19 December
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China introduces temporary CIT, VAT, IIT incentives for innovative enterprise CDRs
China’s Ministry of Finance, the State Taxation Administration and the China Securities Regulatory Commission have issued Announcement No. 8 of 2026 on 21 January 2026, setting out temporary tax incentives to support the pilot programme for the
See MoreOECD publishes transfer pricing profiles for eight countries
The OECD has published the revised transfer pricing country profiles, including profiles for Bosnia and Herzegovina, Brazil, Costa Rica, Croatia, Greece, Iceland, Korea (Rep.), and Norway on 22 January 2026. These profiles focus on countries'
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Turkey raises withholding tax refund limits for 2026
Turkey’s Ministry of Treasury and Finance has increased the limits for cash refund claims related to withholding tax (WHT). For 2026, the maximum amount eligible for a cash refund without requiring inspection reports rises from TRY 340,000 to
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